Lixiang Education Announces Plan to Implement ADS Ratio Change

Lixiang Education Holding Co., Ltd. announced its plan to change the ratio of its American depositary shares (ADSs) to its ordinary shares from 1:100 to 1:1,000, effective around April 20, 2026. This change is equivalent to a one-for-ten reverse ADS split for ADS holders. Fractional ADSs will not be issued; instead, entitlements will be aggregated, sold, and net proceeds distributed. The ADS ratio change will not affect the underlying ordinary shares. The company, a private education provider in Zhejiang Province, China, made this announcement on April 1, 2026. Trading on the Nasdaq Global Market under the symbol "LXEH" will continue.